Best Country to Study an MBA and Settle for Indian Students
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Why do Indian students aspire to pursue an MBA abroad? The answer is, more career opportunities, international experiences, and programs tailored for them. Join us on a journey to explore the 10 best countries to study MBA abroad - programs offered, uncovering tuition fees and course durations, etc that can help shape your path to success.
Why Study an MBA abroad?
Pursuing an MBA abroad brings forth a host of advantages, encompassing the growth of valuable business skills, a competitive edge, personal development, specialized expertise, varied career pathways, and an excellent return on investment.
- Studying abroad enhances skills like cross-cultural competence and global awareness, making graduates more attractive to global employers.
- A survey by the Institute of International Education showed that 97% of such students secure employment within a year, compared to 49% of college graduates overall.
- 91% of full-time MBA alumni believe that their degree has expanded their career prospects.
- An MBA abroad equips students with specialized expertise tailored to their fields, such as data analysis for data-driven decision-making.
- Over 71% of U.S. companies offer internships to MBA students.
- A survey by the Graduate Management Admission Council indicates that 92% of employers planned to maintain or increase job opportunities for MBA graduates in 2021. In the United States, MBA graduates started with a median salary of $115,000, exceeding the $65,000 of bachelor's degree holders.
Best 10 Countries To Study MBA Abroad
So are you wondering which is the best country to do an MBA for Indian students? Based on our Research, we have listed down the Top 10 Best Countries for prospective MBA students. Each country's comparison is further detailed below.
1. United States
Course Duration: 2 years
In search of which country is best for an MBA abroad? Look no further than the USA. The USA offers a valuable learning experience and promising career options for MBA grads.
These programs typically last two years, incorporating internships and projects, providing ample time to explore high-value career opportunities. With 352 US schools in the QS World University Ranking, New York and California lead the list.
Top 5 Universities for MBA Studies in the USA
- Harvard University. Cambridge, USA MBA
- Stanford University. Stanford, USA Master of Business Administration
- The University of Chicago
- The University of Pennsylvania
- Massachusetts Institute of Technology
Also Read: MBA in USA: Colleges, Fees, Scholarship, and Salary
Cost of Studying MBA in the USA
Studying for an MBA in the United States costs approximately $60,000 per year, covering tuition, room, board, and other expenses. Financial aid and scholarships are accessible to ease the financial burden.
2. United Kingdom
Course Duration: 1 year
The United Kingdom is one of the best countries to do an MBA for Indian students. The United Kingdom is a premier destination for MBA studies, with London recognized as the world's most competitive financial center.
The global reputation of UK degrees is evident in the QS Global Employer Survey, and it's home to 24 UK Business Schools featured in the global top 200.
Top 5 Universities for MBA Studies in the USA
- The University of Oxford
- The University of Cambridge
- Durham University
- Lancaster University
- CITY, University of London
Also Read: Best Universities in the UK for Business Administration
Cost of Studying MBA in the UK
The UK is the best country for MBA for Indian students as their MBA course duration is only one-year and an estimated annual cost ranging from 29 to 81 lakhs INR.
Business school tuition typically averages between 9,000 and 12,000 pounds per year, and living expenses average between 7,200 and 9,000 pounds.
3. Canada
Course Duration: 2 years
If you are an Indian student aspiring to study MBA and settle abroad, then Canada could be a good choice considering it is home to many world-renowned business schools.
Canada, securing the third spot, continues to be a favored destination for aspiring MBAs. Its appeal lies in affordable tuition, the caliber of its business schools, and promising post-graduation employment prospects. Impressively, 200+ Canadian Business schools are featured in the QS Global MBA Rankings.
Top 5 Universities for MBA Studies in Canada
- Desautels McGill University
- Smith Queen’s University
- University of Alberta
- University of Canada West
- University of British Columbia
Also Read: A Comprehensive Guide to MBA Universities in Canada
Cost of Studying MBA in Canada
The cost of studying for an MBA in Canada can vary depending on the school and program you to choose. On average, you need to pay between CAD $30,000 and CAD $40,000 in the first year of your MBA studies.
4. Australia
Course Duration: 2 years
Australia also ranks among the top 5 best countries for MBA for Indian students. The cost of living and tuition fees are relatively low when compared to other countries. Additionally, Australia offers a high quality of education, and many top business schools are located there.
Students who study MBA in Australia also have the opportunity to work while they study, which can help offset the cost of living and tuition.
Top 5 Universities for MBA Studies in Australia
- University of Melbourne
- University of South Australia
- Monash University
- Macquarie University
- University of Queensland
Also Read: Top Universities in Australia for MBA
Cost of Studying MBA in Australia
The cost of studying MBA in Australia is approximately A$41,772 per year. The cost of living and other expenses would come to around $12,097.98 - $ 14,517.58 per year.
5. Germany
Course Duration: 2 years
The country has world-class business schools that offer excellent programs making it the best country to study MBA for Indian students. In addition, the cost of living and tuition fees are relatively affordable when compared to other countries such as the United States.
Germany is also a great place to settle after completing your MBA. The job market is strong, and there are many opportunities for highly-skilled workers.
Top 5 Universities for MBA Studies in Germany
- University of Cologne
- University of Stuttgart
- University of Munich
- RWTH Aachen University
- Free University of Berlin
Also Read: MBA in Germany: Top Universities, Fees, QS Ranking, and More
Cost of Studying MBA in Germany
The cost of studying MBA in Germany is relatively affordable as compared to other developed countries. The average tuition fee for an MBA program in Germany is around €10,000 per year, the lowest being the public universities where education is next to free and to €17,000 in private institutions.
6. Singapore
Course Duration: 2 years
Singapore has world-class educational institutions, a strong economy, and a welcoming attitude towards immigrants, making it one of the best countries to do an MBA for Indian students.
Singapore is a small country with just over 5 million population. However, it weighs way more and above when considering the pros of pursuing education for international students.
Top 5 Universities for MBA Studies in Singapore
- National University of Singapore
- Nanyang Technological University
- Singapore Management University
- James Cook University
- INSEAD Business School
Cost of Studying MBA in Singapore
The cost of studying for an MBA in Singapore is very reasonable when compared to other countries. The average cost of tuition fees for an MBA in Singapore is around S$50,000 per year. The cost of living in Singapore is also very affordable.
7. Spain
Course Duration: 12 - 18 years
For Indian grads search for “Which country is good for an MBA for Indian students?” Spain sure can be a good choice to be considered. Many good business schools in Spain offer MBA programs.
Spanish is a widely spoken language, so students who are proficient in Spanish will not have trouble communicating with their classmates and professors. The country has a strong economy and thus offers many job opportunities for MBA graduates.
Top 5 Universities for MBA Studies in Spain
- University of Barcelona
- Universidad Carlos III de Madrid
- IESE Business School
- ESADE Business School
- Universidad de Navarra
Cost of Studying MBA in Spain
The average cost of studying MBA in Spain is around €15,000 per year, which is significantly lower than the average cost of €40,000 per year for an MBA in the US.
Additionally, many Spanish universities offer scholarships and financial aid to international students, which can further reduce the overall cost of studying MBA in Spain.
8. The Netherlands
Course Duration: 2 years
There are a number of reasons to study MBA in the Netherlands, including the country's world-renowned universities, low cost of living, and high quality of life.
The MBA programs are internationally recognized and will give students the skills and knowledge they need to succeed in their careers.
Top 5 Universities for MBA Studies in the Netherlands
- Vrije Universiteit Amsterdam
- Erasmus University Rotterdam
- Maastricht School of Management
- Nyenrode Business University
- Tilburg University
Cost of Studying MBA in the Netherlands
MBA programs in the Netherlands typically have a duration ranging from 12 to 24 months. The average tuition fee for general MBA programs in the country falls between EUR 20,000 and EUR 40,000 per year, with higher fees for specialized programs such as Executive MBA.
9. France
Course Duration: 2 years
France - the fashion capital country is also a great destination to study MBA for Indian students. Business schools in France offer excellent programs that can help Indian students to launch their careers in the global business world.
France is also a serene place worth considering as the best country to study MBA and settle for Indian students. The country has a high standard of living and is also culturally diverse.
Top 5 Universities for MBA Studies in France
- EMLyon Business School
- EDHEC Business School
- ESSEC Business School
- ESCP Business School
- HEC Paris
Cost of Studying MBA in France
MBA fees in France vary from 30,000 EUR to 100,000 EUR per year, equivalent to approximately 2,537,328 INR to 8,457,760 INR. In certain instances, the state covers two-thirds of your tuition expenses.
10. Italy
Course Duration: 2 years
The country's strong economy is home to some of the world's leading business schools. Additionally, the cost of living in Italy is relatively low compared to other countries. Indian students would also be able to enjoy the country's rich culture and food heritage.
Top 5 Universities for MBA Studies in Italy
- Bocconi University
- University of Padova
- Università Cattolica Del Sacro Cuore
- University of Rome 'Tor Vergata'
- Sapienza University of Rome
Cost of Studying MBA in Italy
MBA fees in France vary from 30,000 EUR to 100,000 EUR per year, equivalent to approximately 2,537,328 INR to 8,457,760 INR. In certain instances, the state covers two-thirds of your tuition expenses.
Career Options After Completing MBA Abroad
There are numerous career options available for MBA graduates. The most common career paths include corporate management, consulting, finance, and marketing. MBA graduates can also pursue careers in government, education, healthcare, and non-profit organizations.
MBA salaries abroad vary from $85,000 to $135,000 annually, contingent on the country and specialization. With an MBA, graduates can pursue many different types of jobs and have successful careers. A few of the prominent job roles include
|
Job Profile |
Average Annual Salary (USD) |
|---|---|
|
General Manager |
$78,900 |
|
Business Development Manager |
$83,119 |
|
Project Manager |
$88,727 |
|
Strategy Manager |
$107,706 |
|
Marketing Manager |
$96,194 |
|
Operations Manager |
$78,676 |
Also Read: How To Get a Job in Europe From India in 10 Simple Steps?
Master Your MBA Abroad Dream to Reality with GetGIS
The MBA degree is increasingly popular among international students, offering a quality education and improved living standards abroad. It equips students with versatile skills, with scholarships to ease financial burdens. An internationally recognized MBA opens doors to rewarding careers in growing fields like business, finance, and management.
Need assistance to understand the pros and cons to decide the best destination for your studies abroad? Look no further than GetGIS. Our expert immigration guidance is all you need to rightfully fulfill your dream to immigrate or study abroad.
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Frequently Asked Questions
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